Duterte’s net worth up 14%

PRESIDENT Rodrigo Duterte has reported a modest 14% hike in net worth since assuming office last year.
Duterte’s latest statement of assets, liabilities and net worth (SALN) showed that his net worth grew to P27.43 million at the end of 2016, from P24.08 million as of June 30, 2016.

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The growth in the President’s net worth came from cash on hand and in banks, which increased by P3,148,768.40.

The President also listed seven residential lots and two houses in Davao City, and properties under the name of daughter Veronica including a residential lot, two houses, and two agricultural lots, also in Davao City.
Duterte disclosed P1 million in liabilities—a loan from campaign donor Samuel Uy.

Under Section 8 of Republic Act 6713 (Code of Conduct and Ethical Standards for Public Officials and Employees), public officials or employees must accomplish a statement under oath showing their assets, liabilities and net worth and financial and business interests as of year-end.

Public officials are also required to list the assets and liabilities of their spouses and unmarried children aged under 18 living in their households.